DNC outraises RNC in April, had $56 million on hand heading into May

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DNC outraises RNC in April, had $56 million on hand heading into May

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Democratic governmental prospect and previous Vice President Joe Biden smiles throughout an occasion to reveal his strategies to fight racial inequality in Wilmington, Delaware, July 28, 2020.

Jonathan Ernst | Reuters

The Democratic National Committee entered into May with over $56 million on hand, the most the committee states it has actually ever had in its war chest at this moment in any year.

The DNC ended up the month of April raising $15.6. million, according to figures initially shown CNBC by a committee representative. The DNC prepares to launch more information of its fundraising haul in Federal Election Commission filings later Thursday.

“The DNC will report $15.6 million raised in April, the highest off-year April fundraising ever. The DNC has $56.3 million cash on hand, the most the DNC has had at this point in any year,” the committee agent stated in a declaration.

The Republican National Committee, by contrast, raised over $13 million in April. Yet while the DNC raised more than the RNC last month, the GOP project arm entered into May with substantially more money on hand, FEC records reveal. The RNC had more than $90 million on hand entering into the month, according to the records.

Former President Donald Trump has actually likewise been fundraising off his management PAC, Save America, while big parts of the Republican Party continue to seek his approval as he thinks about running in 2024. He has actually likewise continued to incorrectly declare that the 2020 election was rigged versus him.

The DNC’s haul reveals that Biden and the Democratic remain in a position to be well-prepared for the battle to advance the president’s program and for next year’s midterm elections.

Biden has actually stated he means to run for reelection in 2024. Continued success from the DNC would offer the president strong funds to get his project off the ground.